Croat shipyards sale attracts wide interest

A tender for the sale of Croatia’s state-owned shipyards has already attracted firm interest at home and abroad following the recent issue of an international tender for the sale of six shipyards. Their privatisation is a key condition for progress in entry talks for the European Union.

So far, two to six potential investors for each shipyard have expressed an interest coming from Croatia and also from abroad including Italy, the United States and Taiwan according to the state secretary in the economy ministry. The tender is open for 60 days, until 30 September and includes the sale of five loss-making shipyards and one, Uljanik, which is profitable.